๐Mario Nawfal:
๐บ๐ธ TRUMP IS AIMING TO FIX U.S. TRADE IMBALANCE WITH TARIFFS
Trump launched a major tariff plan to address the U.S. trade imbalance, spotlighted by Commerce Department charts showing a persistent deficit.
The data reveals goods imports far exceed exports, creating a large trade gap, while services maintain a surplus.
Trumpโs strategy includes a 10% tariff on all imports, with higher rates like 54% for China, to tackle unfair trade practices and rebuild the U.S. economy.
These levies aim to boost American manufacturing by making foreign goods pricier, encouraging domestic production.
The charts highlight decades of trade challenges, which Trump seeks to reverse with this bold move.
Source: The Wall Street Journal
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
๐บ๐ธ TRUMP IS AIMING TO FIX U.S. TRADE IMBALANCE WITH TARIFFS
Trump launched a major tariff plan to address the U.S. trade imbalance, spotlighted by Commerce Department charts showing a persistent deficit.
The data reveals goods imports far exceed exports, creating a large trade gap, while services maintain a surplus.
Trumpโs strategy includes a 10% tariff on all imports, with higher rates like 54% for China, to tackle unfair trade practices and rebuild the U.S. economy.
These levies aim to boost American manufacturing by making foreign goods pricier, encouraging domestic production.
The charts highlight decades of trade challenges, which Trump seeks to reverse with this bold move.
Source: The Wall Street Journal
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
22 hours ago
